Which Tax regime will be better for salary of 26 LPA

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If u don’t have enough tax deductions investment best is new regime

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Get to know me!

- Worked in Tech for over 20 yrs
- Born and raised in The Dominican Republic
- Moved to he US at 17 after HD
- Living in NYC
- Started as a Help Desk Support Technician
- Love humans way more than technology
- Fierce advocate for Diversity and Inclusion
- My mission si to elevate the voices of women and underrepresented minorities in Tech
- Love traveling and photography
- Ready to give back!

How about you?

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Additional Posts in Tax savings

I have a question regarding taxation of joining bonus.

I recieved a joining bonus of 1 lakh from my previous employer in last fiscal year which was taxed.
I resigned from the organisation before completing 1 year... Which will be deducted from my last month salary.
How does taxation works in this case.

Can I make rental agreement as paying rent to my dad for tax savings .. I would like to mention 46k per month as rent .. Please help .

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Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

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Anyone from tax can help me on some tax related queries.

Q1-Can I claim LTA and LTA cash voucher both for the current Block?
Q2- In LTA cash voucher scheme i have a total expenditure of only 50K approx so how much can i get as saving for Tax?
Q3 How the above 2 can be claimed during ITR filing?

I have more Questions but if we get replies on these we can discuss further.
This can help everyone

Hi Fishers,

DM me if anybody want to file ITR for last year, I will help you get good refund amount for whatever tax paid or deducted from salary during the financial year.

How much rent amount should I pay to get maximum tax deduction?

If my company is deducting tax on reimbursements for example relocation, flight travel, mobile usage, etc. Then how to show in tax filing? bcoz as per my understanding it should not be taxable as I am using my money and company is refunding and no extra income. It's like I have already paid once and while refunding company again deducting. Please guide on this issue.

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Hello fishes, can we buy land/plot to save long term capital gain tax?

My CTC is 21L and i have tax deduction for home loan at 1.5L and icici policy premium at 1.5L
How can i reduce my income tax in what all other investements ? Please guide me

Base: 5 lakh
HRA: 2 lakh
Max how much I can exempt with HRA while filing ITR?
I live in my own house. I can pay to my parents in the name of rent.
What are the documents I need to produce?

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How to save tax for the money from freelance work? As i already have a full time job.

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Hi,

Kindly ping me if you need any help for filling up the ITR. I will help you to get maximum return.

Charges applicable.

Thank you

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Hi,

Can we use 10(10AA) leave encashment as tax exemption if we separated from the Job?

Note: corresponding tax paid challan info available in form 16

Thanks

By investing 50k/annum in NPS I can save 15k tax per year.. Suggest me I should opt for NPS or not?

My Last working date at Wipro is 12th of june 2022, So How tax will be calculated for the financial year 2022-2023. My CTC is 8.4L
I will be working only 3 months for this financial year and in April month payslip i can see 6K deducted for tax and in the IT projection it shows around 30k tax deduction gonna happen. I will be joining another Firm in same june month
Please share how tax is calculated in my case and how to save taxes.

What are all the ways to save income tax?
CTC 9.8L

Can I pay income tax challan using credit card?

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